Industrial production grows at a robust 7% in June

The IIP had risen by 3.2 per cent in the month of May dragged down by sluggish growth in manufacturing and power sector. Manufacturing sector constitutes 77.03 per cent in the overall indexET Online | August 10, 2018, 18:02 IST

The IIP had risen by 3.2 per cent in the month of May dragged down by sluggish growth in manufacturing and power sector. Manufacturing sector constitutes 77.03 per cent in the overall index.

The core sector industries had shown a strong growth for the month of June expanding at a 7-month high of 6.7 per cent.

“The pickup in the growth of the core sector industries, automobile production and non-oil merchandise exports is likely to boost the pace of industrial expansion to around 6 per cent in June, led by manufacturing and electricity,” Aditi Nayar, principal economist at ICRA, had said.

During April-May this fiscal, the IIP recorded a growth of 4.4 per cent as compared to 3.1 per cent in same period year ago.